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SB Partners wins the Heritage Award at the Burlington Chamber 2025 Business Excellence Awards!

SB Partners is proud to announce that it has been awarded the 2025 Heritage Award from the Burlington Chamber of Commerce, recognizing 50 years of dedicated service and contribution to the Burlington community. This milestone celebrates the …

Understanding Income Valuations and the Discounted Cash Flow: An Introduction

This article is an add-on to our previous article on the Capitalized Cash Flow (CCF) approach. Another income approach is the Discounted Cash Flow (DCF) approach. People who do not work in finance are likely unfamiliar with the term DCF. This method …

Thank You, Burlington!

SB Partners has been selected as the Diamond Winner in the “Best Accounting Firm” category for the Burlington Post Readers Choice Awards 2025. The Readers Choice Awards is an opportunity for the public to vote for their favourite businesses in the …

Sleepless for Our Community

It was uncomfortable, difficult, and cold. On February 20th, 2026 SB Partners team members, Trevor Hood and Eric LaCourt participated in the United Way Halton & Hamilton’s Sleepless For Our Community event by spending the night in their …

Tariffs and Business Valuation - What's the Impact?

If there was one word that I would use to describe the start of 2025 it would be uncertainty. Not only are we in the midst of a provincial election in Ontario, but a Federal election is likely around the corner and there has obviously been a major …

2024 Capital Gain Changes - Where are We Now?

In May 2024, we wrote an article detailing the changes that came out of the 2024 Federal Budget with respect to the taxation of capital gains and the corresponding impact on family law. While it was widely expected that those changes would be …

Understanding Our Business Succession Planning Process

Succession Planning: What can I expect?   Our Business Succession Planning Process Succession planning is a complex and multidisciplinary process. We work closely with you to develop a clear strategy and action plan that recognizes your unique …

Succession Planning for Privately vs Family Owned Businesses

Succession Planning For Privately Owned Businesses Planning for the future starts with the present. Without a family heir(s) to inherit the business, business owners must consider who will be a good fit to acquire the business, or even if the …

What’s New This Tax Season?

Personal Tax Updates   Tax rules evolve each year, affecting available credits, deductions, and filing requirements. Brent Sousa, Senior Manager of Assurance & Advisory at SB Partners, breaks down the top changes for 2025.

CRA Moves Businesses to Online Mail

Starting in spring 2025, the Canada Revenue Agency (CRA) will switch to delivering most business correspondence through its online portal, My Business Account, instead of by paper mail. This change will apply to all businesses that are registered …

What is the New Quickbooks Online-FINTRAC Requirement?

As a result of the new FINTRAC regulatory requirements, Intuit is updating certain elements within QuickBooks to ensure products are compliant. To meet FINTRAC guidelines and maintain regulatory compliance, QuickBooks now requires this information …

What Makes a Good Business Plan?

What is a Business Plan? A business plan is a financial document that outlines a business goal or opportunity that provides the user with sufficient information to assess its viability.

The Impact of HST on Insurance Premiums in Ontario

2015 Update Rules after Implementation of HST When Ontario joined the HST system on July 1, 2010, it substantially eliminated its PST on goods and services. However, it retained its PST of 8 percent on insurance premiums, as before. Automobile …

Verification of Suppliers’ GST/HST numbers for ITC claims is imperative

2015 Update GST/HST registration number can be validated on the CRA website online services for businesses GST/HST Registry: GST-HST verification. For example, a supplier may inadvertently provide the registration number of a related entity. In …

Capital Gains Increase Deferred

On Friday, January 31st, 2025, the Canadian government announced that taxpayers will not need to include the proposed increase in the capital gains inclusion rate in their 2024 tax filings.
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